5 Most Fined Pharmaceutical Companies in the World

2. Pfizer Inc. (NYSE:PFE)

Total fines incurred by the company from 2003 to 2016 (in millions): $4,525

Pfizer Inc. (NYSE:PFE) has seen its reputation improve manifold after being one of the first pharmaceutical companies to come up with the Covid-19 vaccine, which has been instrumental in getting the world ahead of the pandemic in a relatively short period of time. The U.S. is the biggest market for Pfizer Inc. (NYSE:PFE) where it derives more than half of its revenue from. However, Pfizer Inc. (NYSE:PFE) has also been in hot waters over illegal marketing of different products. The first product was the illegal marketing of gabapentin for off-label uses even though it was only allowed to be used for the treatment of seizures. The company was also responsible for the illegal marketing of Bextra, which is an arthritis drug and ended up paying of fine of $2.3 billion which was the largest healthcare fraud settlement at the time.